Investors and funding

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Gatik has raised $200m to put more driverless box trucks on US roads

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Self-driving, SEO Tips, Technology, United States /

Gatik has raised $200m in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. It is the largest financing in the autonomous trucking company’s history. Millennium Management, ARK Invest and Intact Private Capital also took part, and the round brings Gatik’s total to about $500m since it came out of stealth […]

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The SEC has subpoenaed four banks over Situational Awareness

Artificial Intelligence, Business, Digital Marketing, Finance, Investors and funding, SEO Tips, Technology, United States /

American securities regulators have subpoenaed the banks that lent Situational Awareness the money it used to make its AI bets. The Securities and Exchange Commission wants the timing of the fund’s trades, and its communications with lenders about the money it was borrowing. It also told the banks to preserve any information they hold on […]

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Alice raises $140mn to stress-test the models Anthropic and Google ship

Artificial Intelligence, Business, Digital Marketing, Google, Investors and funding, Security, SEO Tips, Technology /

One company spent eight years cataloguing the worst material on the internet. It has now raised $140mn to point that archive at AI models. Alice, formerly ActiveFence, announced the round on Tuesday. Apax Digital Funds led it, and will take a board seat. Total funding now stands at $280mn. The announcement names MoreTech and Phoenix […]

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Emerald AI raises $150mn at a $1.05bn valuation to flex data centre power

Artificial Intelligence, Deep tech, Digital Marketing, Europe, Investors and funding, SEO Tips, Sustainability, Technology /

A two-year-old company is now worth $1.05bn. It writes software that makes data centres use less electricity on demand. Emerald AI raised $150mn in an oversubscribed Series A, the company announced on Tuesday. Energize Capital and DCVC co-led it, and the round takes total funding past $220mn. The investor list is the tell. Nvidia, Siemens, […]

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Stability AI raises $76mn from Universal, Warner, Sony Music and EA

Artificial Intelligence, Business, Digital Marketing, Europe, Gaming, Investors and funding, SEO Tips, Technology /

The world’s three largest record companies have bought equity in a generative AI company. Universal Music Group, Warner Music Group and Sony Music Group are all new investors in Stability AI’s $76mn Series B. The company announced the round on Tuesday. The games publisher Electronic Arts joined it, alongside AMD Ventures and Pacific Alliance Ventures. […]

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Hivemind raises $17M from M&G as asset managers test tokenisation

Digital Marketing, Investors and funding, SEO Tips, Technology /

Hivemind Digital Group has completed a $17mn strategic funding round led by M&G Investments, the asset management arm of the British savings and investment group that ran £371bn of assets at the end of March. The round gives M&G a seat on Hivemind’s board and a position in a firm whose business sits between conventional […]

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Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips

Digital Marketing, Investors and funding, SEO Tips, Technology /

Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year. The raise follows a very different kind of financing earlier in its run, when Lambda borrowed $917mn against its GPUs to buy more […]

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Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping

Artificial Intelligence, Business, China, Digital Marketing, Finance, Investors and funding, SEO Tips, Technology /

Alibaba’s two most senior executives bought about $15.3m of their own company’s shares on Monday. The stock had just fallen further than at any point in more than a year. Chairman Joe Tsai and chief executive Eddie Wu spent a combined HK$120m, according to filings with the Hong Kong exchange. What each of them bought […]

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Temu-Owner PDD beats profit estimates as revenue growth slows to 8%

Business, China, Digital Marketing, Investors and funding, SEO Tips, Technology /

PDD Holdings posted adjusted quarterly earnings of 19.33 yuan per share against estimates of 18.51, with revenue up 8% to 112.4bn yuan, or $16.6bn, missing forecasts. Shares rose about 3.5% premarket as European regulatory pressure on Temu continues to build. Temu’s owner made more money than analysts expected and sold less than they hoped. PDD […]

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XPENG’s robotics arm has raised more than $900M ahead of its humanoid production run

Digital Marketing, Investors and funding, robots, SEO Tips, Technology /

XPENG said on Monday that its robotics business has raised more than $900M in what the company described as its first funding round, a substantial sum for a unit that has yet to sell a single robot commercially. The timing is deliberate, since the Chinese carmaker has committed to putting its IRON humanoid into mass […]

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